Eight businesses from across Ireland have completed the 2023 Accelerate Green Programme, a business accelerator programme that Bord na Móna is investing €5 million in over the next three years.
It aims to help emerging Irish companies in the climate solutions space to scale.
This year's Accelerate Green graduates include NanobOx, Hibra Design, HUB360, HaPPE Earth, Superfy, NEG8 Carbon, EC Charging, and CW Applied Technology.
From direct air carbon capture technology, and medical grade compostables for Ireland’s healthcare system, to water treatment technology using nanobubbles, these businesses are creating climate focused solutions for a number of industries in Ireland and internationally.
The eight businesses have participated in a series of comprehensive learning and mentoring workshops in recent months, and engaged with a broad range of leaders from enterprise and energy agencies, Irish-founded companies, research networks and investors.
According to research conducted among the 2022 alumni, 60% have scaled their business operations in Ireland, and 80% have grown their business internationally since graduating from Accelerate Green last year.
40% of the alumni have secured more new investment in the past 12 months versus the previous 12 months, and 80% have expanded their workforce in the past year.
"This year's cohort of businesses are testament to the breadth of emerging talent, innovation and expertise we have in the Irish climate solutions space," said Bord na Móna CEO Tom Donnellan.
"Collectively they are delivering a variety of sustainability focused products and services catering to a wide range of needs and industries, but they all share a common goal - to contribute meaningfully to a more sustainable future," he added.
Minister of State for Trade Promotion, Digital and Company Regulation Dara Calleary said he has great confidence in the talent emerging.
"Building a thriving community of green innovators and encouraging more sustainable business practice across Ireland will play a significant role in our national effort to realise these ambitions and create a more sustainable future for Ireland," he said.
